Private sector investments into low-carbon technologies represent an opportunity to reduce greenhouse gas emissions (GHG) and mitigate climate change. For this reason, the Transformative Carbon Asset Facility (TCAF) offers result-based payments to countries that create favorable conditions for such investments through targeted policies and programs. In Vietnam, the TCAF 1Mha high quality and low carbon rice crediting program aimed to promote the reduction of GHG emissions throughout the rice value chain. A Program Information Note (PIN) was developed for the technical design and contextualization of the program. However, for the approval of the PIN, a revision was requested. The World Bank commissioned Unique to conduct such revision and support the Government of Vietnam in achieving the PIN’s approval.

• Revision of PIN for Vietnam 1Mha program according to TCAF contributors conditions for approval
• Technical analysis on low carbon rice cultivation techniques
• Development of monitoring reporting verification system for low carbon rice techniques
• Recommendations for crediting methodology and implementation arrangements
• Inclusion of technical analysis in PIN revision and support to government for full PIN approval